DOMO, DOCU, ULTA, ZUMZ On The Rise Following Earnings Results

We are featuring some stocks which climbed after-hours Thursday following the companies reported encouraging earnings results

1. Domo, Inc. (DOMO)

After the cloud-based software application company reported better-than-estimated earnings results, the stock was up 24.62% after-hours on Thursday after closing at $19.5 in the regular trading session. The company also provided fourth-quarter and full-year guidance, above the Consensus estimates.

Net loss in the third quarter was reported at $29.1 million or $1.05 per share, narrower than $32.55 million loss or $1.24 per share in the same quarter a year ago.

Non-GAAP net loss narrowed to $23.6 million or $0.85 from $27.87 million or $1.06 per share in the corresponding quarter a year ago. Analysts were expecting a loss of $1.01 per share.

Total revenue increased 22% to $44.77 million, year over year. Subscription revenue rose 24% to $37.84 million from last year.

Looking forward to the fourth quarter, the company expects revenue in the range of $45.0 million to $46.0 million. Earnings excluding items, loss per share is seen between $0.94 and $0.98. Analysts estimate the company to report loss of $0.98 per share on revenues of $43.91 million for the period.

For the full year, revenue is expected to be in the range of $172.2 million to $173.2 million and non-GAAP net loss per share to be between $3.88 and $3.92. Analysts foresee revenue of $168.18 million and loss per share at $4.04.

Domo has recently been ranked as a G2 Crowd Leader for the fourth consecutive year based on real user feedback.

2. DocuSign, Inc. (DOCU)

Shares of DocuSign, a cloud-based software company, closed Thursday’s trading at $69.5 and was up 9.93% after-hours. The company’s third-quarter earnings beat analyst expectations and it also sees fourth-quarter earnings better than the consensus estimates.

Net loss in the third quarter was $46.6 million or $0.26 per share compared with net loss of $52.81 million or $0.31 per share in the same quarter of the previous year. On a non-GAAP basis, net income was $20.93 million or $0.11 per share versus $441000 or $0.00 per share last year. Analysts were expecting earnings of only $0.03 per share.

Total revenue was $249.5 million, an increase of 40% from last year. Subscription revenue rose 41% year-over-year to $238.1 million.

Revenue in the fourth quarter is expected in the range of $263 million to $267 million. Analysts estimate revenue at $260.41 million. Full-year revenue is anticipated in the range of $962 million to $966 million. The consensus estimate is $950.95 million.

3.Ulta Beauty, Inc. (ULTA)

Ulta Beauty operates as a beauty products retailer, whose stock closed Thursday’s trading at $236.02 and was trading 9.31% higher after-hours. The company reported better-than-expected third-quarter results and provided strong full-year outlook.

Net income was reported at $129.7 million or $2.25 per share compared with $131.2 million or $2.18 per share last year. Analysts’ estimate stood at $2.13.

Net sales in the third quarter increased 7.9% to $1.683 billion from $1.56 billion in the year-ago quarter.

Looking forward to full-year, Ulta Beauty expects earnings per share in the range of $11.93 to $12.03 compared to $11.86 to $12.06 guided previously. Revenues are expected to grow approximately 10% compared to the range of 9% to 12% provided earlier. The consensus estimate for earnings is at $11.93 on revenue growth of 10.7%.

4. Zumiez Inc. (ZUMZ)

The stock closed Thursday’s trading at $30.56 and was up 8.77% after-hours, following upbeat third-quarter results and increased earnings outlook. Zumiez operates as a specialty retailer of apparel, footwear, accessories, and hardgoods.

Third-quarter net income was $19.2 million, or $0.75 per share, up from $13.8 million, or $0.55 per diluted share in the corresponding period last year. The consensus estimate stood at $0.60. Net sales for the third quarter increased 6.1% to $264.0 million from $248.8 million in the last-year quarter.

Looking forward to fourth quarter, net sales are projected to be in the range of $314 to $320 million. EPS is seen in the range of $1.26 to $1.32. Analysts expect earnings of $1.17 and revenue of $318.5 million. Full-year earnings per share are now projected to range from $2.38 to $2.46, up from previous guidance of $2.10 to $2.20. The consensus estimate is only $2.16.

On December 4, 2019, Zumiez had announced its plan to buy back 100 million of common stock.

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